Ruane Cunniff Goldfarb Inc Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Ruane Cunniff Goldfarb Inc reduced its stake in Philip Morris International by 0.18% during the Q4 period. The investment management company now holds a total of 90,990 shares of Philip Morris International which is valued at $8.9 Million after selling 163 shares in Philip Morris International according to the most recent disclosure to the SEC.Philip Morris International makes up approximately 0.06% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Ep Wealth Advisors reduced its stake in PM by selling 110 shares or 0.84% during the fourth quarter. The Hedge Fund company now holds 13,059 shares of PM which is valued at $1.3 Million. Philip Morris International makes up approx 0.21% of Ep Wealth Advisors’s portfolio.Bryn Mawr Trust Co reduced its stake in PM by selling 245 shares or 0.55% during the fourth quarter. The Hedge Fund company now holds 44,113 shares of PM which is valued at $4.3 Million. Philip Morris International makes up approx 0.27% of Bryn Mawr Trust Co’s portfolio.Teachers Advisors Inc boosted its stake in PM during the Q4 period, The investment management firm added 627,290 additional shares and now holds a total of 2,229,225 shares of Philip Morris International which is valued at $218.8 Million. Philip Morris International makes up approx 0.41% of Teachers Advisors Inc’s portfolio.Inverness Counsel /ny/ reduced its stake in PM by selling 20 shares or 0.66% during the fourth quarter. The Hedge Fund company now holds 3,004 shares of PM which is valued at $294,903. Philip Morris International makes up approx 0.02% of Inverness Counsel /ny/’s portfolio.Conning reduced its stake in PM by selling 29,568 shares or 8.33% during the fourth quarter. The Hedge Fund company now holds 325,546 shares of PM which is valued at $32 Million. Philip Morris International makes up approx 1.38% of Conning’s portfolio.

On the company’s financial health, Philip Morris International reported $0.81 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.81. The company had revenue of $6392.00 million for the quarter, compared to analysts expectations of $6484.52 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Philip Morris International. Philip Morris International was Upgraded by BofA/Merrill to ” Buy” on Mar 24, 2016. Philip Morris International was Upgraded by Exane BNP Paribas to ” Outperform” on Mar 8, 2016. Philip Morris International was Resumed by Berenberg to “Hold” on Feb 2, 2016.

Philip Morris International closed down -0.59 points or -0.58% at $100.58 with 36,81,020 shares getting traded on Thursday. Post opening the session at $101.09, the shares hit an intraday low of $100.185 and an intraday high of $101.145 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in more than 180 markets which include a range of international and local premium mid-price and low-price brands. Its premium price brands include Marlboro Merit Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield and international brands include Bond Street Lark Muratti Next Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna Dji Sam Soe and U Mild in Indonesia; Fortune Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece and Petra in the Czech Republic and Slovakia.

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